Binary options have many advantageous over regular options, stocks, currencies and futures. Here are 7 reasons why you should trade binary options.
1.Ultra low entry cost
Binary options offer the lowest entry cost of any financial instrument. A trader can open an account with as little as $100.00. Stocks, futures and other instruments, regardless of their intrinsic cost, can be traded for as little as $20.00 depending on your broker. An example of the low entry cost is as follows. If you want to trade Apple (Nasdaq:AAPL) stock the normal way, it will cost you over $400 to buy just one share. With binary options, you can speculate on the direction of Apple stock with as little as $20.00.
2.Minimal barriers to entry
Setting up a stock trading or futures account can be wrought with red tape and headaches. Most stock and futures brokers require tons of paperwork and verifications from their clients. Opening a binary option trading account is simple and can be almost instantaneous. Practically everyone will be approved for a binary option trading account
3.Quick and easy funding
Most stock and futures trading accounts require funds to be wired via a bank for quick access. You can also mail a cheque, but this can take many days to clear so that you can have trading access to the funds. Many binary option brokers allow funding via credit or debit cards for instant access to trading capital.
4.Quick and easy withdrawal
It’s quick & easy to withdraw money from your binary option trading account. Most brokers simply have you fill out a request and the funds are returned to you the same way they were deposited. For example, if you deposited the funds via a credit card, this same card will be credited back with your withdrawal. If you used a debit card or direct bank transfer, the withdrawal would be credited to your bank account.
If your analysis is correct, you can make 70% plus on each and every trade. Remember, binary options can have just an hour to expire. Several correct intraday trades in a row can permit massive compounding of gains. It’s important to remember, however, that losses can be just as rapid.
6.Many different strategies can be used
Binary options are not just a one trick pony. Many strategies can be employed to gain profits with these instruments.
7.Last but not least, binary options are fun
Binary options provide entertainment and a way to earn money while testing out your market analysis. They are a fun and relatively inexpensive way to play in the financial markets.